Morning Daily - 2020-06-20

ETAuto Newsletter | Saturday, June 20, 2020

Daily Newsletter
Policy | Industry | Passenger Vehicle | Commercial Vehicle | Two Wheelers | Aftermarket | People Movement | Auto Components
Top Stories
• Cash is King to buy cars in the Covid-era
• CV owners push for extension of policy, but insurers disagree
• Pre-owned car companies look at upstaging new car sales in FY21
• BMW to drop 6,000 jobs through turnover, early retirement
• Toyota Kirloskar resumes operations at Bidadi plant
• Rane Engine Valves announces salary cut of 10-35% across levels
• Maruti, Hyundai, et al. have a foggy view on demand. The way out: a tweak in the forecasting method ET Prime
• HMSI sees two-wheeler sales spike in Unlock 1.0 HT MINT
• Elon Musk sued for his excessive pay package
• Petrol price hiked by 56 paise/litre, diesel by 63 paise; 13th straight day of increase
• FCA recalls 95,000 Jeep Cherokees worldwide over faulty transmission
• 11% truckers and farmers prioritize healthy lifestyle: Survey
• BMW, Mercedes put automated driving alliance on hold
• Double digit decline in commercial vehicle sales might impact the fortunes of JK Tyre in FY 21 HT MINT
• Auto insurance: Here's how to avoid disputes this monsoon Livemint
• Used car or new set of wheels? How to figure out which you should buy Business-standard.com
• Elon Musk Says Workers Must Use Paid-Time-Off Day for Juneteenth Bloomberg.com
• Renault's Incoming CEO Sees Turnaround Surprise in the Making BloombergQuint
• The Convergence Of Technology And Manufacturing In The Automotive Sector Forbes.com
• 13 Essential HR Tactics To Improve Strategic Management Planning Forbes
• Carvana Focuses On Being An Originator Of Online Auto Shopping Mediapost.com
• Ford teases new F-150 ahead of next week's world premiere Detroit News
• Detroit automakers honour Juneteenth, George Floyd, with production halt Driving
• Big Auto's Decision To "Wait & See" Gives Tesla A Growing Lead CleanTechnica
Industry Reports
• Real-Time Multimedia System Analysis: A Breeze in Linux
Industry
• New business model: TSRTC launches logistics service
• Cancel MoUs with three Chinese companies: CAIT to Maharashtra CM
• Forex reserves up by $5.94 bn to hit record USD 507.64 bn
• Paris speeds up its pursuit of a slower beltway
• Will ensure banks pass on rate cut benefits to consumer: FM to India Inc
• South Korea's SsangYong Motor looking for possible buyer as Mahindra may exit
• Rupee falls 15 paise to 76.29 against US dollar in early trade
• Nifty, Sensex inch up amid volatility
• Government working on steps to cut import dependence on China, boost manufacturing
• UK says EU trade deal will be difficult if no progress before October
• Hyundai, Kia, Volvo to partner with Skill Development Colleges in Andhra Pradesh
Passenger Vehicle
• China's Geely to take over debt-laden automaker Lifan as virus stokes shake-up: Sources
• Volkswagen in talks with rivals on making operating system for car of the future
• Mercedes-Benz Vans appoints Klaus Rehkugler as Head of Sales & Marketing
• South Korea's wealthy, passed over by pandemic pain, splurge on Porsches and BMWs
• Ian Harnett to retire as JLR's Executive Director of HR and Global Purchasing
• Great Wall Motor to start SUV, pickup production in Thailand in 2021
• Automakers see untapped market as Japanese paper drivers ease onto the roads
• Coronavirus impact: Nissan plans more shift cuts at Japan car plants due to low demand
Commercial Vehicle
• Ashok Leyland board approves raising of Rs 200 crore through debentures
• DTC takes private route for e-buses
• Union cries foul as Covid-19 cases in BEST hit 500, management cites 70% recovery
• Self-driving bus services tested out in Tallinn
Two Wheelers
• Triumph Motorcycles launches Tiger 900 in India, price starts at Rs 13.7 lakh
• Virus fears fuel bicycle sales in congested Bangladesh cities
Aftermarket
• Colombia court overturns restriction on Uber
• Fearing germs on steering wheels, Japanese shun car-sharing
• Car care provider Turtle Wax makes an India entry
• Motorcycle taxi service gets cabinet nod in Uttarakhand
Auto Components
• Italian filter maker GVS boosts European IPO market with stellar debut
• Dutch Tata Steel workers halt production at IJmuiden
• Lumax Q4 revenue falls by 10 percent due to slump in auto sales
• Continental Engineering Services names Christoph Falk-Gierlinger as new MD
Auto Technology
• Altair launches new release of intuitive data preparation solution Monarch for all experience levels
• Israeli nanotech startup CENS Materials raises $1.5 million led by UK based investor Vincent Tchenguiz
Oil & Lubes
• Oil price structure signals market recovery
• IEA floats green recovery plan to boost economies, cut emissions
 
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